Rentomojo IPO RHP: Rentomojo Limited (formerly known as Rentomojo Private Limited and Edunetwork Private Limited), an online rental and subscription platform for home furniture and appliances, has filed its Red Herring Prospectus (RHP) for an initial public offering (IPO) comprising a fresh issue and an offer for sale (OFS).
According to the RHP, the company plans to raise up to Rs 150 crore through the fresh issue. However, Rentomojo had cut the size of the offer for sale (OFS) component to up to 2.7 crore shares, down from 2.84 crore shares proposed in its DRHP. The total issue size, however, will be determined based on the final offer price.
Earlier in March this year, Rentomojo had filed Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
Rentomojo IPO: Geetansh Bamania promoter
Accel India IV (Mauritius) Ltd proposes to offload up to 7,846,951 equity shares, while Edelweiss Discovery Fund – Series I plans to sell up to 2,882,794 shares. IDG Ventures India Fund III LLC is proposing to sell up to 2,803,431 shares, while ValueQuest S.C.A. Le Fund may offer up to 2,713,418 shares.
Madison India Opportunities V VCC has proposed an OFS of up to 2,398,550 shares, while Chiratae Trust, represented by its trustee Vistra ITCL (India) Limited and acting through its investment manager, has proposed to sell up to 2,002,019 shares.
GMO Payment Gateway Inc is proposing to sell up to 1,512,800 shares, while GMO GFF Limited Partnership may offer up to 842,174 shares.
The RHP also lists promoter Geetansh Bamania as proposing to sell up to 849,175 shares. Renaud Laplanche, an individual selling shareholder, is set to offer up to 755,405 shares.
The company proposes to utilize the net proceeds from the initial public offer for multiple purposes, including the repayment or prepayment, in full or in part, of certain outstanding borrowings along with the accrued interest thereon availed by the company; the payment of lease rentals or license fees for its warehouses and experience stores; and general corporate purposes, the DRHP stated.
Rentomojo operates a technology-driven, full-stack direct-to-consumer (D2C) online rental and subscription platform for furniture and home appliances in India. Geetansh Bamania is the promoter of the company.
In the DRHP, the company said it is the largest online rental and subscription platform, and a market leader with an estimated 42 per cent- 47 per cent share in the organised home furniture and appliances rental segment (excluding water purifiers) based on subscription revenue in the financial year 2025 (Source: Redseer Report), with 227,511 live subscribers across 22 cities as of September 30, 2025, supported by a scaled service network that includes 21 warehouses and approximately 444,486 sq. ft. of warehousing space.
The company operates an omni-channel platform comprising its online interface and 67 experience stores across India (as of September 30, 2025), offering flexible subscription access to furniture and appliances across a portfolio of 728,773 live products.
The company operates an 11-touchpoint consumer lifecycle model (order, risk assessment, delivery, installation, monthly collections, relocation, repairs, upgrades, subscription contract transfers, reverse logistics and refunds) and it has demonstrated strong asset utilisation with occupancy rates of 83.91%, 82.82, 86.43% and 91.07% across the six months ended September 30, 2025 and Fiscals 2025, 2024 and 2023, respectively, enabling capital efficiency and predictable revenue generation, the company said in the DRHP.
The company’s revenue from operations stood at Rs 1,766.09 million (Rs 176.61 crore) for the six months ended September 30, 2025, and Rs 2,659.59 million (Rs 265.96 crore) for fiscal 2025, while restated profit after tax was Rs 613.75 million (Rs 61.38 crore) for the six months ended September 30, 2025 and Rs 431.06 million (Rs 43.11 crore) for fiscal 2025.
Rentomojo IPO listing details
Rentomojo IPO bank running lead managers
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
